Breakthrough Energy Foundation
PO Box 563, Kirkland, WA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $32,501,173 | $109,280,588 | $67,986,763 |
| FY2023 | $115,229,753 | $107,742,439 | $144,961,050 |
| FY2022 | $5,356,937 | $124,246,345 | $135,108,324 |
| FY2021 | $53,009,802 | $63,309,136 | $254,124,328 |
Form 990 filings
The returns filed by Breakthrough Energy Foundation (EIN 85-3672460), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $30,180,250 | 93% |
| Program service revenue | $0 | 0% |
| Other revenue | $2,320,923 | 7% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $109,006,623 | 100% |
| Management & general | $273,965 | <1% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 93% of total revenue in FY2024.
- Program services accounted for 100% of functional expenses, management & general 0%, and fundraising 0%.
- 100% of functional expenses went to program services in FY2024. That is higher than 85.9% of 185 Public & Societal Benefit organizations nationwide (too few in WA for a state comparison).
- Net assets covered about 7.5 months of expenses at the end of the reporting year. That puts it in the 32nd percentile among 115 Public & Societal Benefit organizations in WA.
- Total revenue was higher than 99.1% of 117 Public & Societal Benefit organizations in WA.
- Total revenue fell from $53,009,802 in FY2021 to $32,501,173 in FY2024. Revenue increased in 1 and decreased in 2 of 3 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 4 reported years (FY2021, FY2022, FY2024).
- The highest revenue on record here is $115,229,753 in FY2023.
- Net assets declined from $254,124,328 to $67,986,763 between FY2021 and FY2024.
- Contributions and grants made up 99% of revenue in FY2021 and 93% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
Breakthrough Energy is accelerating transformation by supporting cutting-edge research and development, investing in companies that turn green ideas into clean products, and advocating for policies that speed innovation from lab to market.
IRS status
| Ruling year | 2021 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | W80 — Public & Societal Benefit |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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